Dynamic interrelationships between sea freight and shipbuilding markets

Jane Jing Xu, Tsz Leung Yip, Liming Liu

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

This paper examines the dynamic interrelationships between the sea freight and shipbuilding markets. Many practitioners argue that the freight rates rely on the shipbuilding activities, because the shipbuilding is the primary source of ship supply. Other specialists argue that demand for shipbuilding is activated by the demand of freight market, where the shipbuilding decisions are made on the outlook of future freight rates. We examine these competing views by analysing the time series in dry bulk shipping. The results indicate the shipbuilding market unlikely leads the freight market, implying that the shipbuilding activity depends on the freight market.
Original languageEnglish
Title of host publicationProceedings of International Forum on Shipping, Ports and Airports, IFSPA 2008 - Trade-Based Global Supply Chain and Transport Logistics Hubs
Subtitle of host publicationTrends and Future Development
Pages480-494
Number of pages15
Publication statusPublished - 1 Dec 2008
EventInternational Forum on Shipping, Ports and Airports, IFSPA 2008 - Trade-Based Global Supply Chain and Transport Logistics Hubs: Trends and Future Development - Hong Kong, Hong Kong
Duration: 25 May 200828 May 2008

Conference

ConferenceInternational Forum on Shipping, Ports and Airports, IFSPA 2008 - Trade-Based Global Supply Chain and Transport Logistics Hubs: Trends and Future Development
Country/TerritoryHong Kong
CityHong Kong
Period25/05/0828/05/08

Keywords

  • Cointegration
  • Sea freight
  • Shipbuilding
  • Time series analysis
  • VECM

ASJC Scopus subject areas

  • Control and Systems Engineering
  • Electrical and Electronic Engineering
  • Mechanical Engineering
  • Transportation

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